In Short : REC Limited has received approval from the Central Board of Direct Taxes (CBDT) to issue ₹5,000 crore zero coupon bonds with a tenure of 10.5 years, to be issued by March 31, 2027. These bonds, offered at a discount, provide tax benefits and attract long-term investors. This move supports REC’s efforts to […]
Ireda board gives green light to Rs 5,000 crore fundraising through QIP – EQ
In Short : The IREDA board has approved raising ₹5,000 crore through a Qualified Institutional Placement (QIP). The funds will be utilized to boost renewable energy financing, supporting India’s clean energy transition. This move aligns with IREDA’s mission to expand green energy projects and accelerate the country’s progress toward achieving its sustainable development goals. In […]
The Bajaj Group commits Rs. 5,000 crore over the next five years towards various CSR initiatives to benefit over 2 crore Indians – EQ
Unveils ‘Bajaj Beyond’—an identity for the Group’s social impact programs, which aim to empower tomorrow’s youth with a sharp focus on skill development. Pune : The Bajaj Group today committed Rs. 5,000 crore to social impact initiatives over 5 years, with a sharp focus on skill development, under ‘Bajaj Beyond’—the Group’s new identity for all […]
NABARD plans to launch its inaugural green bond sale by March, aiming to secure funds amounting to Rs 5,000 crore for sustainable and eco-friendly initiatives – EQ
In Short : The National Bank for Agriculture and Rural Development (NABARD) plans to launch its first green bond sale by March, aiming to secure Rs 5,000 crore. This initiative underlines NABARD’s commitment to financing environmentally sustainable projects. The green bonds will likely fund initiatives related to renewable energy, climate-smart agriculture, and rural development, contributing […]
Jakson Green’s Order Book Surpasses Rs. 5,000 Crore – EQ
Jakson Green, in a release, said that its order book position has reached around Rs.5,000-crore. Jakson Green, backed by business conglomerate Jakson Group, said that its renewable energy EPC order book has reached around Rs.5,000 crore, and that too within a year of the company’s inception. “This extraordinary feat was recognized through a series of […]
Power Finance Corp to launch Rs 5,000 crore-NCD issue on Jul 21 – EQ Mag
The effective yield offered to NCD holders varies based on different categories and ranges from 7.44 per cent to 7.54 per cent per annum Power Finance Corporation announced on Wednesday that it aims to raise funds of up to Rs 5,000 crore through a public offering of non-convertible debentures (NCDs) starting from July 21. The […]
Goldi Solar forays into power backup solutions biz – EQ Mag
Renewable energy player Goldi Solar on Thursday announced its foray into power backup solutions business with the launch of its VAMA On-grid range of inverters. The Gujarat-based company is in the process of expanding its module manufacturing capacity to 6 gigawatt from 2.5 gigawatt (GW) at an investment of Rs 5,000 crore. In a statement […]
Mahindra & Mahindra in talks for Rs 5,000 crore EV push from British International, others – EQ Mag
In July 2022, British International Investment signed a pact with Mahindra Electric to invest Rs 1,925 crore via compulsory convertible preference shares Automaker Mahindra & Mahindra (M&M) is in advanced discussions with British International Investment (BII) and some other global investors to raise up to Rs 5,000 crore ($605 million) for its electric vehicles (EV) […]
No automakers take part in Rs 5,000 crore tender for e-Bus – EQ Mag
Indian banks are also reluctant to lend to electric-bus makers for government tenders over concerns on recovery of dues India’s large bus makers including Tata Motors, JBM Auto and PMI Electro have not bid for the latest government contract to supply nearly 5,000 electric buses because they fear not getting paid on time, three sources […]